Funding Criteria

Funding Criteria:

  • Projects/businesses should be 100% owned and managed by UAE national(s)
  • The project should be based in Dubai
  • The applicant should provide his/her personal commitment to the implementation and development of an action plan
  • The applicant should devote time and effort for project management.
  • For Credit Bank Scheme, a business bank account shall be opened for the project/business from the same bank funding is provided from.
  • For the new projects funding, the applicant shall not obtain more than 5 trade licenses in the Emirate of Dubai.
  • In case of existing enterprises funding, the applicant shall not obtain more than 6 trade licenses in the Emirate of Dubai.
  • Projects that are less than 5 years old.
  • Applicant should be +21 years old.
  • For Credit Bank Scheme, applicant should be less than 65 years old during repayment period.
  • Debt Burden Ratio should not exceed 50% of the total monthly income.

Other Terms and Conditions

  • The project should be established and implemented in Dubai. It may be developed anywhere inside and outside the UAE.
  • Projects in all sectors are eligible for funding, except:
    • Real estate and construction companies
    • Gold Trading Companies
    • Internet cafes.
    • Shisha-featured restaurants and cafes.
    • Cafes and Shops Serving Tobacco
    • Document clearing entities and Brokerage firms
    • Consultancy/advisory firms
    • Public benefit organizations
    • Pets Trading and Services
    • Car Rental Companies
    • Recruitment Agencies
    • Trading in Nationally / Internationally Banned Products
    • Land and real estate businesses
    • F & B
    • Food Trading
    • Beauty Centre and Salons
    • Other activities not followed by Sharia Compliant.
  • As maximum, a grace period of 24 months may be granted for the funded-projects with 5 years as repayment and settlement period based on the Committee's recommendations.
  • The minimum rate of 20% for financial contribution by the funding applicant shall be specified as per the Investment Committee's decision based on the character of business and risks involved. Such financial contribution shall be paid upon bank's approval on funding the project.
  • A Director of operations and Accountant shall be appointed under funding approval prior to initiating the project's operation.

The targeted projects:

  • Innovative ideas which help achieving the strategic objectives of Dubai – UAE or such ideas aim at filling certain market needs in a specific geographic area.
  • Entrepreneurs owing innovated ideas with new experiences.
  • Funding projects in operation for less than 5 years.

To know more about process, eligibility & approval criteria kindly contact The Fund by email:

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